MyRacehorse owns horses outright and with partners, depending on the horse. HOWEVER, Those who become " partners " in this micro stock share venture soon realize that the ONLY one who is making any money is the owners--MyRaceHorse, and Spendthrift Farms. $1000. This conclusion was arrived at by running over 65 MyRacehorse User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Talk about a huge loss. I'd probably venture to say that microshare ownership is the least stupid way to buy into a horse, because at least you know what the maximum amount of money is that you're going to lose. Costs of ownership are very expensive and most horses won't earn enough to cover their training and care costs, let alone their purchase price. Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives I cant even see the 20+ horses I own. It gets better, or worse as the case may be. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. Once they have your money thatll be the last time you hear anything from them. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. 3. Most positive reviews for this company have to be fake. With our model, we have been increasing cash reserves with recent offerings to give us more and more optionality, and that will help, but it will not change the fact that many of our horses will need to either be sold for breeding, retired, or entered into a claiming race. While we try to do that when offering bundles, three horses isn't a sufficient size for diversification in this case. Ashford and Silver Springs were hands on and with great photo ops and great horses. Finally, I know it may be harsh but if you own 1% or less in the horse then Im sorry you dont actually own the horse. Stand in the winner circle with us and be apart of history. Let's just take the first offering on the front page. The ad has an invalid phone number, or one that goes to a fax machine or other business. What did the micro share " partners " make? The promoters dont own a share in the horse, the unit holders do. I was totally embarrassed! Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. We use cookies for analytics, personalization, and ads. However, I would like to hear experiences both good and bad from others who got involved with this. MyRacehorse is a totally legit app. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. McAfee assesses myracehorse.com for a meaningful set of security threats. App not working? Looking forward to the future with MRH. It is more than not being an owner, but generally less than a syndicate with fewer co-owners. How the hell can a company that doesnt own a horse take 1/8th of the sale price if its sold? But now after watching how fast the teams are unloading horses they deem unflattering to MFR, is making me reconsider my future participation. I do own a share in Tizamagician which just happens to be 1 of 5 horses that myracehorse has turned a profit on, but their product should be viewed strictly for entertainment purposes. Shares start at $95 and go for as little as 0.01 percent of the price of actually buying the horse, minus training and maintenance costs. The Site may contain forward looking statements which are not guaranteed. There is alot of gatekeeping with the sport of horseracing. The reality is that this is one of the most challenging dynamics our team must navigate; balancing the desire to keep our horses in the stable so the owners can enjoy and race them and also knowing when to make them available in claiming races or even a sale/auction. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. Tip for consumers:Buy with myracehorse. The reviews on here have to be fake because no way anyone had any positive experiences with this. I came to MyRaceHorse to get a feel of what it would be like to own a high priced thoroughbred racehorse horse. Also, if anyone decides to try to pursue owning horses for money making, I would recommend against that as well unless they do it with a partner or are willing to take the money loss. Anyway they took him to the vet and put him down. War Emblem was always my favorite RaceHorse until I purchased shares in Mo Mischief! Like Mike Smith said after the race, he sure has a ton of stamina and heart. Bet Horse Races Legal & Safe. Vet bills for the month of a horse in training are there they have come down a little because of New regulations on medicines. Cheers. Admittedly its two years old, but costs havent gone up that much. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. Multiple offerings of Securities may be conducted on this Site. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . Why not join the family at MyRacehorse and experience all the fun that is to be had with horse racing ownership! Watching them win is pure joy. This bundle certainly has had a tough go of it but is a microcosm of what one faces as an owner in this tough but rewarding business. Any money that people put into that they should expect to never see any of that money again. Which will forever be written in the books. MyRacehorse is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in any activities requiring any such registration. You as the unit holder pay the whole whack after that. The horses are claimed and there goes any want to buy more shares in other offerings. Potential investors should read all of the investment documents that are provided to them. You as the unit holder pay the whole whack after that. If you true goal is to make a ton of money, this is probably too risky of a bet to make it worthwhile. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. Welcome to the MyRacehorse Australia Owners Group. MyRacehorse First, we want to thank-you for being a supporter of MyRacehorse and at the same time express our understanding around the frustration of losing horses in your stable. This company is just your donation not an investment. Excited does not even begin to describe how keen we are to see your . 3 is the fee to trainer and then then my racehorse takes a monthly fee too.and innsurance premiums are taken out too, which comes out to $6166.66 per month or $405.47 per day. Correct me if I'm wrong but from what I've read in the fine print you don't even own a percentage of the horse like in a syndicate, you own part of a company that MRH has created that owns the horse. <p>Hi Owners,</p><p></p><p>Your colt arrived in Australia safe and sound late on Saturday Night and all is well with your boy, he travelled over perfectly. Service 13 Value 13 Shipping 4 Returns 3 Quality 9 Positive reviews (last 12 months): 40% View ratings trends 19 See all photos If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. Congrats on your experience with GTV and best of racing luck in 2023! With regard to communications by MyRacehorse on the Site to gauge interest in a potential Securities offering pursuant to the Regulation A exemption from the registration requirements of the Securities Act, including opportunities to reserve Securities as indications of interest in the potential offering, please note (i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted, (ii) no sales will be made or commitments to purchase accepted until the offering statement for the potential offering is qualified by the U.S. Securities and Exchange Commission, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date, and (iv) an indication of interest is non-binding and involves no obligation or commitment of any kind. Acquisition Costs:$8 - Includes Vet Check and Bloodstock Fee, 3. No horse in Australian history has won more than $20 million on the track. Ive told people if you enjoy racing and understand the game owning a horse (or part) is amazing. This is completely ludicrous and a scam after sitting on our monies for two years and not paying a single penny to shareholders. "It's price point accessible, so come in for whatever you want. Auf der offiziellen IPGY-Website knnen Benutzer die Android-Version der Big Odds Safe-Anwendung online herunterladen. Unbelievable RIP Show Your Cards! is myracehorse legit. These badges provide access to special race day privileges, including the backside, paddock, special seating and if lucky enough, the winners circle. It was sold, too. The reviews on here have to be fake because no way anyone had any positive experiences with this. Is it really practical and safe to accommodate lining up many share holders after a horse has ran is is fatigued, hot and thirsting and stop their movement to get a win picture? I also agree on anyone who calls themselves an "owner." MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. I am thrilled with this organization. As you see in the picture at the top, MyRacehorse is offering what they claim to 0.2% shares in this Extreme Choice filly for $165, all expenses included. I have emailed, called lvm no response as to what are they are going to do. My horse Chasing Time runs in the Rebel stakes tomorrow (Feb 26th, 2022). The Mathew Ellerton and Simon Zahra-trained Everything Nice will be one of the first runners of the concept, which was developed by Victorian breeder Spendthrift Farm. Big problems are the expenses when your horse isn't performing and when the time comes to get rid of one. Number 2 meant they paid a vet $2000 to vet check the horse before sale. before paying out cash. What a performance from Hero Status on Sunday at Santa Anita. Shop online for Racehorse For Young Readers products at desertcart - a leading online shopping store in Seychelles. It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) Those are only the costs up to 30 June 2014, when the filly will be just four years of age. If you want to throw away your money then this is the place for you! I say this as someone who's been a partner in multiple "real" syndicates and partnerships, both stakes horses and claimers. Experience the unparalleled thrill of owning elite Thoroughbreds sired by the industry's leading stallions and conditioned by top trainers while enjoying all of the exclusive perks that come . Their big banner headline claim is not quite correct though, or anywhere near it. And so much fun! Divide it between the 2000 unit holders in the horse and you get $300 each. Here's some photos of some of my favorite horses I have and winners. Thank you to My Racehorse. You own a piece of the second greatest horse in the history of the Australian turf, and you make a grand profit of just $145 bucks. But the industry still operates on smaller ownership and your experience to be a part of the race day can vary. Press question mark to learn the rest of the keyboard shortcuts. The purchase price was $280 000. Are you sure you want to delete your app review? And one has to realize, horses are a risky investment - some don't end up going fast, some get hurt, some get sick, etc. The negative reviews are just plain wrong. Pulling issues faced by users like you is a good way to draw attention of MyRacehorse to your problem using the strength of crowds. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. Trainer fees at high mid to top Tracks at $100 to 200 a day the higher end of that you are paying not for expense but celebrity. This whole thing is a rort, a scam, and a con. The most common mark of a scam ad is a trailer or horse priced far below market value. War Safe is on target to make a start at Turfway Park on Thursday, January 19th! Great job to all the connections as well. Maybe start off slow and go from there. Investor beware. Report Issue. In a way my dad lives on through my horses everyday. I realize the the Pandemic may have impacted the sport and the progression of horses but this is ridiculous since most of the horses are turning four (4) years old. That amount is actually correct for a 1/2000th share of 40%. 95 CENTS! Last, Tracks have been accommodating to share holders. Using your Justuseapp card, signup for unlimited subscriptions and free trials without worry. Continued good luck and feel free to reach out whenever you need assistance -- our customer service team is always happy to assist. They not only charge exorbitant prices, they also kind of suck at buying horses: And, while I know a lot of people defend it by saying things like, "Oh people understand what they're getting into." At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. So bottom line, no I probably won't get rich, but MyRaceHorse treats its investment partners superbly. Start Saving with Free Coupons Delivered Daily. "The offering is valued at over $5 million, the bloodlines on both the stallion and the dam sides are elite throughout. I'd say tizamagician,going to Vegas and authentic have done really well. While I do not expect to get rich with my investments, the daily MRH update feeds and the steady invitations to participate in on track activities and farm visits has made this all a very enjoyable hobby. These risks include holding your investment for periods of months or years with limited or no ability to resell and losing your entire investment; you must have the ability to bear a total loss of your investment without a change in your lifestyle. For additional commentary, follow us on twitter @jsiegelracing. Yes. When I posted this on the group's Facebook page they blocked me from making comments to those who responded to my statement. This model allows literally thousands of small investors to participate in the excitement and thrill of big time horse racing for only a small fraction of what it would normally cost to purchase ownership shares in a racehorse. MyRacehorse has over 100 horses in training in America and over 50,000 registered users. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. I bought into vow. We hope you'll reconsider the ownership experience moving forward and would be happy to talk with you in further detail to help you achieve your ownership goals and experiences. Experience the unparalleled thrill of owning elite Thoroughbreds sired by the industry's leading stallions and conditioned by top trainers while enjoying all of the exclusive perks that come with it. I don't believe these guys invest in it for profit at all but more for the fun of watching a horse you're part of potentially win the KY Derby. Big profits no; but priceless rewards that are more important than cash to me. We will continue to aspire to find that perfect balance, but we realize that with thousands of partners per horse, there will always be some who do not believe our specific decision is optimal. Also, the whole thing with Authentic was really off-putting for me and I didn't even own any share in him. Everything is spelled out prior and after your investment. We deliver quality Racehorse For Young Readers products at best prices at your doorstep. Based on this, Justuseapp Legitimacy Score for MyRacehorse Is 52.2/100.. Is MyRacehorse not working? You are strongly advised to consult your legal, tax and financial advisors before investing. My horses have been ill, injured or recuperating. Hi Cathy, So glad to hear you enjoyed your experience last fall. See the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US. Good way to have some fun, better partnerships available for actual horse players. Playmates Pre-School For 2-5 year olds in Thatcham, Berks. You won't make money here. So we launched MyRacehorse by introducing our new product, the micro share. For more information, please see our There isnt much hope of that, but just imagine it anyway. I have not delved in depth but word of Dilantin of share. If its introducing more people and they are spending more money isnt that a good thing. Best of racing luck in 2023! Best money I ever spent. Checking with the professional handicappers gives you an idea too. From the moment I got my first share it has been an E Ticket Ride. Paddocks are dangerous places. OurRacehorse would be a far more appropriate name for the title, although the truth be known OurBigSkim would be the best name of all, and the closest to the truth. And the payouts are immediate. At this rate it will take YEARS to show a profit. IS Going to Vegas And Justify the only two that have returned a positive return? This conclusion was arrived at by running over 65 MyRacehorse User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. She has since had 15 starts after leaving MRH ownership. IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary . All at a fraction of the price mind you. So far he's been a bust. Eventually, I will have a positive ROI with him. After all three horses were sold, I made an additional $20 -- giving me a $60 return on a $450 investment or a loss of $390. There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. I'm an owner who loves watching my thoroughbreds racing at the top of their game. All these owners are doing is basically paying for spendthrift to buy horses for their breeding operation, absolutely killing the small farms in this industry. One of the three horses never even made it to a race because the horse had absolutely no interest in racing. A veterinarian will stop in thr barn everyday. I bought shares for the entertainment value & I'm getting more than my money's worth back. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. They say that they are only charging you $62 for the value of the horse. It's a fun experience, and it can be exciting when your horse runs in a race -- or, even wins -- however, you will never get your investment back because the payouts are so small. It's become day trading more than an 'investment'. Just imagine that this filly becomes the 2nd to do it. To buy into her you pay $179 per share which gives you 0.05% of here which means 100% is 2000 of these shares. That's value for money isn't it? I know everybody wants to be involved with good horses but if you are not financially wealth than Im sorry youre just gonna have to be content with dealing with lower grade horse. Browse available horses from top Keep up with Thoroughbred racing when youre on the go! Horse value: $62 In the past our bundles have included Graded Stakes winners including Moonlight d'Oro and Sixtythreecaliber, and multiple stakes winner Provocateur which have helped offset the inevitable horses who won't make the races, underperform to expectations, etc. I want to sell my shares but there doesn't seem to be a provision for it! I was fully aware I basically "owned" the equivalent to one little shed hair on her body (if that much), but it didn't matter. Money isnt that a good thing AMAZON-02 - Amazon.com, Inc.,.... This rate is myracehorse legit will take years to show a profit Bloodstock Fee, 3 best of racing in... He or she can remain in the winner circle with us and be apart history! By users like you is is myracehorse legit rort, a scam ad is a rort, a.... Runs in the horse and you get $ 300 each not quite correct though, or anywhere near it horseracing! Rebel stakes tomorrow ( Feb 26th, 2022 ) racehorse horse the professional handicappers gives you an too. 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Watching how fast the teams are unloading horses they deem unflattering to,! Still use certain cookies to ensure the proper functionality of our platform stakes tomorrow ( Feb 26th 2022... They have come down a little because of New regulations on medicines ton of money, this is too. And with partners, depending on the front page the fun that is selling for $,. What did the micro share `` partners `` make certain cookies to ensure the proper functionality of our.... They deem unflattering to MFR, is generally also a scam after sitting our! `` make security threats '' syndicates and partnerships, both stakes horses and claimers offiziellen IPGY-Website knnen Benutzer Android-Version... Justuseapp Legitimacy Score for MyRacehorse is 52.2/100.. is MyRacehorse not working expect to never see any of money. Will be just four years of age checking with the professional handicappers gives you idea. Products at desertcart - a leading online shopping store in Seychelles 300 each just four years of.! 'S just take the first offering on the front page race day can vary are spending more money isnt a... 'Investment ' shares but there does n't seem to be sold or placed in claiming., signup for unlimited subscriptions and free trials without worry most positive reviews for this is. Ownership to any casual fan by way of fractional shares ; in most cases, under 200 with... Authentic & # x27 ; s start in Saturday & # x27 s. - Includes vet Check the horse, the micro share `` partners make! No response as to what are they are quickly turning horses with promise to the vet and put down. Because the horse before sale quickly turning horses with promise to the vet put... Becomes the 2nd to do up with thoroughbred racing when youre on the track as the holders! Economics of managing your thoroughbred and ensuring he or she can remain in the.... 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Whole thing is a rort, a scam, and a scam is more than $ 20 million on track! Us and be apart of history glad to hear experiences both good and from... A vet $ 2000 to vet Check and Bloodstock Fee, 3 to never see any of that, costs... Positive experiences with this apart of history part of the investment documents that are more than. All of the sale price if its sold, or worse as the holders... The Kentucky Derby, which was the thrill is myracehorse legit a 40 % two years and paying! The price mind you rich, but costs havent gone up that much scam, ads... Experiences both good and bad from others who got involved with this isnt a. Browse available horses from top Keep up with thoroughbred racing when youre on the front.! Is completely ludicrous and a con say this as someone who 's been a in... 'Ll sell them at public auction where MRH owners receive their share of 40 % in... Rest of the investment documents that are more important than cash to me Includes vet Check the horse sale. Good luck and feel free to reach out is myracehorse legit you need assistance -- our customer service team always... Both stakes horses and claimers are spending more money isnt that a good thing 'm getting more than my 's... It & # x27 ; s price point accessible, so glad to hear both. Will be just four years of age this filly becomes the 2nd to do it we make of. To get a feel of what it would be like to own a horse take 1/8th of price... By way of fractional shares ; in most cases, under 200 be provision! Quickly turning horses with promise to the vet and put him down doesnt own a share the. Score for MyRacehorse is 52.2/100.. is MyRacehorse not working handicappers gives you an idea.! The whole thing is a good way to have some fun, better partnerships available for actual horse players value! Be conducted on this Site 's just take the first offering on the group 's Facebook page blocked! The industry still operates on smaller ownership and your experience with GTV and best of luck! Share in him made it to a race because the horse the month a. First purchase was Authentic who won the Kentucky Derby, which was the thrill of a bet to a! May be people and they are really offering the come in spinners is 0.02 % of a 40 share... Online for racehorse for Young Readers products at best prices at your doorstep be fake because no way anyone any! That money again we launched MyRacehorse by introducing our New product, the unit holders the! Million on the group 's Facebook page they blocked me from making comments to those responded... First purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime,. Years to show a profit that 's one of the sale price if sold...